Oscar-winning Aardman Animations has announced jobs could go at its Bristol-based headquarters.
The company, behind Wallace and Gromit and Creature Comforts, said some of the 35 roles being looked at would result in redundancies.
However, it said new positions would also be created over the coming months.
Three new productions, including a second series of Shaun the Sheep and a new children's series, are due to start production early in 2009.
A statement from the company said: "Every economic indicator points towards a hard year next year for all industries - Aardman and the media business are no exception.
"Accordingly we are taking basic housekeeping steps now to protect the forecasted profits for next year and thereafter.
"Thirty-five roles are currently under 'consultation'.
"There is no doubt that a number of these roles will result in redundancies, however many new roles will be created over the coming months."